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Shopify surges to push TSX within hair of record high, loonie at three-year high

Shopify surges to push TSX within hair of record high, loonie at three-year high

TORONTO — Canada's main stock index set a record high midweek on renewed optimism for a rapid economic recovery that pushed the loonie to its strongest level in more than three years.
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Shopify says shift toward e-commerce is permanent as Q1 net income soars to US$1.26B

Shopify says shift toward e-commerce is permanent as Q1 net income soars to US$1.26B

Shopify Inc. executives believe the shift toward online sales triggered by the COVID-19 pandemic is here to stay.
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‘It felt like they were forcing me to quit’: HBC worker files wrongful dismissal suit

‘It felt like they were forcing me to quit’: HBC worker files wrongful dismissal suit

On a spring day 21 years ago, Yvette Mitchell walked into Hudson’s Bay Co.'s flagship department store in downtown Toronto with a resume. She loved fashion and wanted to work on the third floor — the epicentre of women's designer clothing in Canada.
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Brookfield Infrastructure says takeover target Inter Pipeline denying data access

Brookfield Infrastructure says takeover target Inter Pipeline denying data access

CALGARY — In the latest shot fired in the battle for Inter Pipeline Ltd., Brookfield Infrastructure Partners LP charges it hasn't been granted access to its target's data room despite its takeover offer made Feb.
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Some restaurants voluntarily close during third wave to protect employees from COVID

Some restaurants voluntarily close during third wave to protect employees from COVID

The third wave of the pandemic has pushed some restaurants into taking an intentional break ahead of patio season while provinces remain under tight COVID-19 restrictions to keep the virus spread under control.
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Teck Resources reports $305M Q1 profit, brighter outlook on 10-year high copper price

Teck Resources reports $305M Q1 profit, brighter outlook on 10-year high copper price

VANCOUVER — Copper prices that have surged to 10-year highs in recent days are driving potential partners to eagerly line up to help Teck Resources Ltd. fund its portfolio of eight proposed copper mining projects, CEO Don Lindsay said Wednesday.
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Boeing posts 1Q loss, takes a hit on Air Force One work

Boeing posts 1Q loss, takes a hit on Air Force One work

Boeing Co. reported a wider than expected first-quarter loss on Wednesday and took another charge on its program to build two new Air Force One presidential planes after firing a contractor it hired to help perform the work.
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Explainer: Capital gains tax hike targets wealthy investors

Explainer: Capital gains tax hike targets wealthy investors

NEW YORK — After massive U.S. government spending helped send the stock market back to record heights, with even more potentially on the way, the bill may be coming due for the nation's wealthiest investors.
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Restructuring Deutsche Bank shows best quarter in 7 years

Restructuring Deutsche Bank shows best quarter in 7 years

FRANKFURT — Deutsche Bank saw its strongest quarterly profits in seven years as the bank's long-running restructuring achieved lower costs and as the bank suffered fewer loan losses in an economy that is rebounding from the worst of the pandemic rece
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Statistics Canada says retail sales up 4.8 per cent in February

Statistics Canada says retail sales up 4.8 per cent in February

OTTAWA — Canadian retail sales climbed in February, boosted by sales at new car dealerships, gas stations and clothing stores, but economists cautioned the pandemic's third wave will again dent sales.
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